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FOX News
Dec 31, 2012 6:00am PST
call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxa
FOX News
Jan 1, 2013 7:00am PST
deal hammered out by vice president joe biden and senate leader mitch mcconnell. as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in the coming hours as people try to sell this over in the house. house republicans voted to extend all the bush tax cuts, but harry reid never took that up. and so this is the only vehicle possible to avoid a massive tax hike for the entire country, rick. rick: well, we'll see what happens over the next several hours, and i have a feeling you and i will be talking again throughout the day. happy new year to you, mike. see you again soon. heather: that final deal was hashed out by senate minority leader mitch mcconnell and vice p
FOX News
Jan 1, 2013 12:00pm PST
biden has worked very hard to come to a compromise. by definition a compromise has elements in it that each party does not like, but by definition it has things in it each party should like of the the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out we expect that to happen. we think that's in the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reaped to determine whether they can support that compromise. i am hopeful that this congress will as one of its last act, not only on this compromise, but i am also very hopeful and would expect that we would provide the emergency assistance needed for the victims of sandy, one of the country's worst storms in history that damaged the northeast so badly. so i am hopeful we will be able to move on both of these issues, and that we will have members on both sides who perhaps will not agree, but hopefully we will have members on both sides who
Search Results 0 to 2 of about 3